Insider Selling: Ultra Clean Holdings major shareholder Sells 120,632 Shares of Stock (UCTT)
Ultra Clean Holdings (NASDAQ:UCTT) major shareholder Ait Holding Co Llc sold 120,632 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $11.48, for a total transaction of $1,384,855.36. Following the sale, the insider now directly owns 3,053,970 shares of the company’s stock, valued at approximately $35,059,576. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at Dougherty & Co raised their price target on shares of Ultra Clean Holdings from $10.50 to $12.50 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Ultra Clean Holdings from $13.00 to $15.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Ultra Clean Holdings in a research note to investors on Wednesday, January 8th. They set a “buy” rating and a $13.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Ultra Clean Holdings has a consensus rating of “Buy” and a consensus target price of $10.66.
Shares of Ultra Clean Holdings (NASDAQ:UCTT) traded down 0.09% during mid-day trading on Thursday, hitting $11.58. The stock had a trading volume of 258,289 shares. Ultra Clean Holdings has a 52 week low of $4.52 and a 52 week high of $11.91. The stock’s 50-day moving average is $10.19 and its 200-day moving average is $8.06. The company has a market cap of $329.5 million and a P/E ratio of 114.75.
Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.
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